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The market for automotive LEDs in this is estimated at 3.51 billion dollars


Specialists of the TrendForce analytical company conducted a study, the task of which was to assess the automotive LED products market and identify global trends in the development of this market. According to analysts, already this year, LED headlights have been installed in more than 60% of new cars, and if we consider only vehicles with new energy (NEV), then the penetration rate is even higher – more than 90%. In monetary terms, the market is estimated at $ 3.51 billion, which is 31.8% more than last year.

While semiconductor shortages have forced some car manufacturers to suspend production, they asked LED manufacturers to continue supplying their products and did not cancel orders. The top three automotive LED manufacturers are ams OSRAM, Nichia and Lumileds. In total, they occupy 71.7% of the market.

Tesla is one of the customers of ams OSRAM. Given Tesla’s growing sales of electric vehicles, it should come as no surprise that ams OSRAM has an estimated revenues of $ 1.304 billion this year, up 37.2% from the maker’s revenue in 2020. Nichia was able to increase sales by 23.1%, to $ 809 million, and Lumileds – by 11.4%, to $ 401 million. Data for the entire top ten, which accounts for 96% of the market, are shown in the table:

The market for automotive LEDs in this is estimated at 3.51 billion dollars

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